Calculate a Loan Payment for a $20,000 Loan
Loan Amount:        $
Interest Rate:        %
Length in Years:
Monthly Payment:  


  • Enter your loan amount, loan length, and length in years.
  • Common Loan lengths for cars are 3 years (36 months), 4 years (48 months), and 5 years (60 months).
  • Common Loan lengths for homes are 15 years, 20 years, 25 years, or 30 years.
  • Notice how the payment changes when the interest rate is 3,4,5,6 or 7 percent.


  • $20,000 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $84.32
3.25% $87.04
3.50% $89.81
3.75% $92.62
4.00% $95.48
4.25% $98.39
4.50% $101.34
4.75% $104.33
5.00% $107.36
5.25% $110.44
5.50% $113.56
5.75% $116.71
6.00% $119.91
6.25% $123.14
6.50% $126.41
6.75% $129.72
7.00% $133.06
7.25% $136.44
7.50% $139.84
7.75% $143.28
8.00% $146.75
8.25% $150.25
8.50% $153.78
8.75% $157.34